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Part 20: Martin Shkreli on Conspiracy Theory that Big Pharma Hides Cures to Make Money from Pills
Part 18: Martin Shkreli on Calling Terrence Howard's Science Rant the Dumbest Thing He's Ever Seen
Part 1: Martin Shkreli on How Hedge Funds are Secret Way to Make Rich People Really Rich
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Martin Shkreli discussed the GameStop stock phenomenon led by Roaring Kitty. The conversation began with Shkreli confirming his significant earnings from shorting stocks, although he denied reaching the billion-dollar mark. Shkreli, an early moderator of WallStreetBets, remarked on Roaring Kitty's unexpected yet impactful influence on GameStop stock. Shkreli likened the surge in GameStop's value to a Distributed Denial of Service (DDoS) attack on the stock market, as internet-driven hype drastically inflated the stock's price beyond its fundamental value. Reflecting on GameStop's fluctuating fortunes, Shkreli highlighted that despite the company's outdated business model, its CEO's business acumen could turn it around. He noted the challenge of doubling or tripling the company's current worth, emphasizing the CEO's task to maximize cash reserves.
